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Nov 23, 2012
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americans are out of the work our national debt exceeds the size of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that same service of optimism that brings us together today should inspire us all year round and why here in washington dc republicans reached out to president obama in the hope to help our economy grow and solve the debt that threatens our children's future. >> if a deal is not reached on the fiscal cliff tax cuts will expire on january 1st. back to black friday. unfortunately fights already breaking out. this was the scene in indianapolis a few hours ago. police were called in to break up fights. shoppers waited in line to receive vouchers for plasma tvs and learned that some of the people were selling vou
americans are out of the work our national debt exceeds the size of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that...
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Nov 24, 2012
11/12
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the survey-- i'm happy to hear people are more positive and i want the economy to recover. the question really is, what has changed since the election? because we still have very high unemployment and you know, today, it was announced that 80 new regulations were put in place by the obama administration and when these people hear new regulations what that means is a slowdown. every time you hear regulations that means you have to hire lawyers and consultants and the question, what is making this economy better and quite frankly, arthel, i think it has to do with the idea there hasn't been a major negative jolt to the economy and that's why people are feeling better. >> arthel: and in the survey you're talking about analysis for bloomberg associated the associated press and consumer according to that analysis, hey, we're optimistic the economy is going to improve in the next 12 months, but you say, ed, that the folks who get it are concerned about the future of this country. so, what are those guys on the other side, who are wearing the rose colored glasses, what is it that
the survey-- i'm happy to hear people are more positive and i want the economy to recover. the question really is, what has changed since the election? because we still have very high unemployment and you know, today, it was announced that 80 new regulations were put in place by the obama administration and when these people hear new regulations what that means is a slowdown. every time you hear regulations that means you have to hire lawyers and consultants and the question, what is making...
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Nov 26, 2012
11/12
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it will hurt the economy. let's get over this. we'll know how the next four years will go by the way the month goes. this is new barack obama. but if he back aceway and says call me if you get a deal we're in trouble. >> the president made clear he will not sign a bill that extends the bush era tax cuts or those making more than $250,000. math tells us that you can't get the kind of balanced approach you need. without having rates be part of the equation. >> eric: i have to ask you -- go ahead. >> dana: i'm listening and i'm thinking set aside politics for a second and say that you could get the money you wanted. in a different way. limiting deductions. limiting deductions. not talk about the spending. why wouldn't you take that deal? if you get the same results, why not do it? temporary measures have not worked. it seems that they are being, i understand they are in negotiations but again, doing something just because it works politically does not make necessarily for good policy. i think unfortunately we have come back to bite t
it will hurt the economy. let's get over this. we'll know how the next four years will go by the way the month goes. this is new barack obama. but if he back aceway and says call me if you get a deal we're in trouble. >> the president made clear he will not sign a bill that extends the bush era tax cuts or those making more than $250,000. math tells us that you can't get the kind of balanced approach you need. without having rates be part of the equation. >> eric: i have to ask you...
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Nov 29, 2012
11/12
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jenna: now to the economy. investors are reacting to some new data we got today. the dow is slightly higher the commerce department is reporting that our economy grew at a pace of 2.7% in the july through september period. that is better than the initial estimate. we have numb another reading after this. this is not the final number. economists are seeing signs the meager growth we experienced last quarter may not be necessarily sustainable jon. jon: weekly jobless numbers are in and they are down. the labor department reporting number of americans trying to get unemployment benefits fell 23,000 to 393,000 last week, the second straight drop after superstorm sandy had driven applications much higher earlier in the month. the labor department is saying the storm had little impact on these numbers. jenna: still too high for many investors. even in this tough economy entrepreneurs are carving out a niche, if you will, some sort of innovation. in our spotlight on small business today we are checking out a business that makes granny pods. that is what they're calling t
jenna: now to the economy. investors are reacting to some new data we got today. the dow is slightly higher the commerce department is reporting that our economy grew at a pace of 2.7% in the july through september period. that is better than the initial estimate. we have numb another reading after this. this is not the final number. economists are seeing signs the meager growth we experienced last quarter may not be necessarily sustainable jon. jon: weekly jobless numbers are in and they are...
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Nov 28, 2012
11/12
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wyoming dropped to second place due to the economy. but 24/7 says that state is efficient at managing the debt and tax foundation says it has the business friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run states. >>> good information there, diane. >>> thank you so much. 15 minutes before the hour. that's the rundown. if your mom is nagging you about getting married we determine if that mom of yours is normal or nuts. sometimes it is easy to spot a liar. >> it is a bit extreme. >> that's the thing nowadays. >> he said he would accent my facial features. >> it does. it accents your facial feature
wyoming dropped to second place due to the economy. but 24/7 says that state is efficient at managing the debt and tax foundation says it has the business friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on...
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Nov 27, 2012
11/12
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that would have a bad effect on the economy. republicans have already agreed to increase taxes on the wealthy. when you heard senator gram and others say they're willing to cap deductions and close loopholes. they're willing to find new revenues we know taxes on the wealthy are going up. what we're talking about is an increase in rates. republicans tell me if the president moves off the 250,000 number to somewhere between 500,000 and a million they're going to end up agreeing to an increase in rates. that will be slight. it won't be 39.6. but that would probably end up with republicans budging there. democrats have one place to go. they have to agree to some movement on medicare reform. the president has inched over there but he is under tremendous pressure from liberals not to touch medicare. he will have to give something or republicans won't give increase in the debt ceiling. jon: you talked to bret baier a lot on "special report" and he was on yesterday and gave us a statistic our brain room developed but bret didn't get it
that would have a bad effect on the economy. republicans have already agreed to increase taxes on the wealthy. when you heard senator gram and others say they're willing to cap deductions and close loopholes. they're willing to find new revenues we know taxes on the wealthy are going up. what we're talking about is an increase in rates. republicans tell me if the president moves off the 250,000 number to somewhere between 500,000 and a million they're going to end up agreeing to an increase in...
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Nov 29, 2012
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what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most places and with the holidays coming up. it said that the outlook for retail sales was mostly upbeat. shep? >> shepard: what's with the sirens? is the place on fire? >> no. there is escort going out here from the white house. >> you don't have much clout there. >> the vice president apparently is leaving. >> shepard: he might as well. what will the fed do with today's report? it has a meeting in a couple of weeks, you know. >> this was okay report. more importantly it was not strong enough for the fed to back off stimulus programs keeping intere
what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most...
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Nov 27, 2012
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in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the benefits are not overly generous on this thing but the key thing to keep in mind is, yes, you don't want these things to go on forever because people will then hold out for that job that may not be out there. so have a definite cuttoff date. people know they may have to take something they don't like at the beginning but that all focuses on we have to focus on getting this economy back on its feet. that is something that seems to beyond the capability of washington right now. bill: if you would argue for extending unemployment benefits, in all likelihood a guy like steve forbes will argue to get spending cuts to offset that increase? but there has not been a desire shown by washington, you know, to cut the spending to make the books matc
in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the benefits are not overly generous on this thing but the key thing to keep in mind is, yes, you don't want these things to go on forever because people will then...
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Nov 27, 2012
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that does help the economy. 70% of this economy, shep. >> shepard: every year at this time the matter of sales taxes not being paid in some states comes up. every year at this time some big business owners say they are trying to change that. >> actually, it's a lot of small business owners. in fact the alliance for main street businesses really trying to fight what they sees a an unfair advantage by large online companies luring away those shoppers. if i live in california and i shop in massachusetts, a store there, i don't pay sales tax. but if that business is in california, i do. they say that it's unfair to small businesses across this country and many republic governors, believe it or not, are actually lobbying to have the online sales tax laws changed so that everybody pays tax online across the country. big revenue. >> shepard: cheryl casone fox business. thank you. some of the online bargains may be too good to be true. today the federal government and online law enforcement agencies proved it shut down more than 100 web sites selling counterfeit web sites. some set up web sit
that does help the economy. 70% of this economy, shep. >> shepard: every year at this time the matter of sales taxes not being paid in some states comes up. every year at this time some big business owners say they are trying to change that. >> actually, it's a lot of small business owners. in fact the alliance for main street businesses really trying to fight what they sees a an unfair advantage by large online companies luring away those shoppers. if i live in california and i...
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Nov 29, 2012
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. >> brian: i believe he knows it's his economy now. clearly. he goes on vacation. if this is done he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated after a closed door meeting with geithner. >> eric: brian's point, vacation is on because president obama knows he has a deal. >> dana: i don't think -- well, one, the present doesn't have a spending cut plan. why is everyone looking at us. where is your plan, sir? now the democrats are starting to realize wait, i think they are on to us. president obama sacrificed going to hawaii with his family. going to stay behind. they will fawn over him for not going to hawaii. >> bob: that happened last year. if you accept the bush tax cut last time. family went off and obama stayed behind. it's time so just accept it. >> brian: it is the same game. the house republican and the senate democrat and president is democrat. >> eric: i can't tell you how many shows i stayed until 11:59, live show for the debt creeling to hit or the government to shut down. government would shut down,
. >> brian: i believe he knows it's his economy now. clearly. he goes on vacation. if this is done he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated after a closed door meeting with geithner. >> eric: brian's point, vacation is on because president obama knows he has a deal. >> dana: i don't think -- well, one, the present doesn't have a spending cut plan. why is everyone looking at us. where is your plan, sir? now the...
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Nov 26, 2012
11/12
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the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spoke with harry reid and speaker boehner over the weekend. everyone is anticipating another high profile white house meet this week on the fiscal cliff sources in congress say there is you not one on the schedule so far. >>shepard: over the weekend some republicans are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the winston group, a republican research firm, says 65 percent of americans back tax reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering.
the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spoke with harry reid and speaker boehner over the weekend. everyone is anticipating another high profile white...
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Nov 22, 2012
11/12
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economy from falling off the fiscal cliff coming up next. one gop senator's proposal to rein in all of that spending and the likelihood of congress actually adopting his plan. ainsley: plus, a thanksgiving parade is underway in new york. we will have more on the sights and sounds straight ahead. going down sixth avenue. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. gregg: well, thanksgiving is certainly a time to count our blessings and to help those less fortunate. but in the future tax changes could hurt those who do the most to help people in real need. jim angle joins us now live in washington. jim, you've been looking into this. what are charities really worried about ear? >> reporter: well, gregg, both the president's plan to raise taxes on the wealthy and the republican willingness to raise revenues
economy from falling off the fiscal cliff coming up next. one gop senator's proposal to rein in all of that spending and the likelihood of congress actually adopting his plan. ainsley: plus, a thanksgiving parade is underway in new york. we will have more on the sights and sounds straight ahead. going down sixth avenue. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade...
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Nov 26, 2012
11/12
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steps once again and now, reasons including challenges live dealing with hurricane sandy and the stuff economy and people looking to the pulpit for answers. >> now, granted jesus returns us to good. >> growing up. scott saw attending church more of a chore. and what religion experts say what young adults do, he put his parent's religion out of his life. >> and the typical age, 18, 19, 20 and students, both men and women were dissatisfied perhaps with the spiritual churches. >> what numbers did you come up with. >> years later scott came back. >> and i had what prayer relationship with god. it wasn't a church thing, but. >> and rubble life study. >> they man begin to come back for nostalgic reasons and there are individuals who say i like the way religion is. >> and some say it's a family, a tough patch. >> for me personally when things look down, i look up. >> you know, harris, there's been early things in organizations to coax workers back to the fold. a few catholic dioces run adults to keep reverts and rabbis, hebrew for a new generation. >> harris: how about that, thank you, dominic, good
steps once again and now, reasons including challenges live dealing with hurricane sandy and the stuff economy and people looking to the pulpit for answers. >> now, granted jesus returns us to good. >> growing up. scott saw attending church more of a chore. and what religion experts say what young adults do, he put his parent's religion out of his life. >> and the typical age, 18, 19, 20 and students, both men and women were dissatisfied perhaps with the spiritual churches....
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Nov 22, 2012
11/12
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i mean, there is a kind of psychology do this economy. if people are feeling gloomy and afraid, they're not going to go out and spend. so the fact that people are feeling -- by the way, i don't want to overemphasize this because, you know, these numbers on consumer confidence, as you know, they bump up and down. but i think right now people just feeling a little bit better. but it does go back to that issue of the fiscal cliff. you notice what's happened on the stock market. every time it looks like they're going to get around this problem, the stock market booms. every time the negotiations stall, the stock market loses value. so everybody's going to be paying very close attention to this. rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you know, i think at the optimal outcome is not to raise taxes on anybody. i do think that if the president has his way and those taxes go up on investors and businesses, it's hard to see w
i mean, there is a kind of psychology do this economy. if people are feeling gloomy and afraid, they're not going to go out and spend. so the fact that people are feeling -- by the way, i don't want to overemphasize this because, you know, these numbers on consumer confidence, as you know, they bump up and down. but i think right now people just feeling a little bit better. but it does go back to that issue of the fiscal cliff. you notice what's happened on the stock market. every time it looks...
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Nov 21, 2012
11/12
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he says a compromise would prevent sudden and severe shock to our economy. if the two sides do not reach a deal, we know exactly what's going to happen. after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you throw these programs out. you run them more efficiently. you look at the fraud or waste and abuse that's been identified and then you come into the revenue picture. you know. people will call me and say, we need to trim this program. good with me, but the problem is it doesn't generate the difference that you need to make here. >> nebraska senators calling for going big, tax reform and entitlement reform since those are huge lifts f
he says a compromise would prevent sudden and severe shock to our economy. if the two sides do not reach a deal, we know exactly what's going to happen. after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to...
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Nov 29, 2012
11/12
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that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a pro
that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking...
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Nov 23, 2012
11/12
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >> welcome back. attorney general eric older in the hot seat this time for the handling of the david petraeus affair and the decision not to inform the president about this until after the election. >> we conducted the investigation and we made the determination as we were going through the matter that there was not a threat to national security. had we made the determination that a threat to national security existed we would have made that known to the president and appropriate members on the hill. but was the president really kept in the dark about a potential national security risk? or is the they misleading the american people. njoining us is the author of several books and secret service and fbi and best sellers. >> great to be with you. >> i read your reporting all along and you said the white house knew for months what was happening're regarding the to david petraeus and what did he relate to the president and when. forever
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >> welcome back. attorney general eric older in the hot seat this time for the handling of the david petraeus affair and the decision not to inform the president about this until after the election. >> we conducted the investigation and we made the determination as we were going through the matter that there was not a threat to national security. had we made the...
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Nov 27, 2012
11/12
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. >> steve: want to see where our economy is going. look back to 1937 and franklin roosevelt and stewart varney will explain how history could repeat himself as he enters studio e. good morning to you, stewart. ♪ ♪ ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medi
. >> steve: want to see where our economy is going. look back to 1937 and franklin roosevelt and stewart varney will explain how history could repeat himself as he enters studio e. good morning to you, stewart. ♪ ♪ ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare....
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Nov 22, 2012
11/12
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >> welcome back. time for your news by the numbers. the thanksgiving edition. first, 254 million. that's how many turkeys were raised this year across the u.s. 46 million alone coming from minnesota. the top turkey producing state in the country, i'll have you know. next, 100 million. that's how many pounds of pumpkins are produced each year in the states of california, ohio and pennsylvania. finally, number one, tim tebow. the dream thanksgiving dinner guest for most americans. other favorites, big bird and lady gaga. ♪ >> big bird would be offended looking across at his friends. now to this, for many of us, the macy's thanksgiving day parade brings back memories of the movie "miracle on 34th street," to make you feel like you're a kid again with christmas just around the corner. peter johnson, jr. is live at the parade with who he's thanking this year. good morning, peter. >> i always thank you, clayton. i've been coming to thi
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >> welcome back. time for your news by the numbers. the thanksgiving edition. first, 254 million. that's how many turkeys were raised this year across the u.s. 46 million alone coming from minnesota. the top turkey producing state in the country, i'll have you know. next, 100 million. that's how many pounds of pumpkins are produced each year in the states of california,...
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Nov 26, 2012
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we're trying to help the economy. so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there is reason and grounds for my position. >> but other republicans have signaled a willingness to break their pledge to raise revenues. senator lindsey graham speaking on one of the talk shows over the weekend said he's willing to entertain closing tax loopholes and deductionses, but only with the commensurate deeply painful cuts from the democrats. here he is. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> let me salute lindsey graham. what he just said about revenue and taxes needs to be said on his side of the i'll. we need to be honest on our side of the aisle and as we did under bowles simpson, put everything on the table. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final
we're trying to help the economy. so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there is reason and grounds for my position. >> but other republicans have signaled a willingness to break their pledge to raise revenues. senator lindsey graham speaking on one of the talk shows over the weekend said he's willing to entertain closing tax loopholes and deductionses, but only with the commensurate deeply painful cuts from the democrats. here he...
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Nov 25, 2012
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market taking a tumble after president morsi's taking a power grab possibly sending egypt's troubled economy into trouble. >>heather: and $27 billion needed to clean up after hurricane sandy and will go to hiring more than 5,000 unemployed people in new york. >>gregg: strong winds are battering great britain. authorities in england reporting that at least two people have been killed and hundreds of homes are flooded. >>heather: the approaching fiscal cliff could hurt out of the work americans. president obama is meeting with congressional leaders to reach an agreement. but a deal could mean higher taxes for small business owners and a hiring freeze. and now, reporting from washington, dc, from peter. >>peter: republicans and democrats alike think closing loopholes to raise revenue is a good idea but republicans are resisting the idea that increasing tax rates on the wealthy will steer the country away from the fiscal cliff but the democrats insist it will. >> i am opposed to raising tax rates but i do believe we can close a lot of loopholes. >> they have to go up real tax rates or effective
market taking a tumble after president morsi's taking a power grab possibly sending egypt's troubled economy into trouble. >>heather: and $27 billion needed to clean up after hurricane sandy and will go to hiring more than 5,000 unemployed people in new york. >>gregg: strong winds are battering great britain. authorities in england reporting that at least two people have been killed and hundreds of homes are flooded. >>heather: the approaching fiscal cliff could hurt out of...
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Nov 25, 2012
11/12
by
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less production and who will he blame when the time comes if the economy is weak? he'll blame the rich of course. yes, people are standing on principles and i think they are he' standing on the wrong principles, that's government spending and control creates wealth. we know it doesn't, but yet, that seems to be the direction at least many on the left want to bring us down. >> alisyn: let's say the worst happens and let's say that the fiscal cliff, we did go over it for whatever reason both sides can't reach an agreement by january 1st aen we go over it. is there any way to undo the fiscal cliff, how long would it take to undo it? >> i think, alisyn the fiscal cliff is contributing to uncertainty in the short-term. i think an even worse scenario long-term than going over the cliff would be continuing down this path. more spending and more redistribution, there's a time when the path needs to be fixed not just proverbial saying goes, kicking the can down the road. so, you know, i think even if we've got a resolution, which didn't suit the republicans,exa some up tick
less production and who will he blame when the time comes if the economy is weak? he'll blame the rich of course. yes, people are standing on principles and i think they are he' standing on the wrong principles, that's government spending and control creates wealth. we know it doesn't, but yet, that seems to be the direction at least many on the left want to bring us down. >> alisyn: let's say the worst happens and let's say that the fiscal cliff, we did go over it for whatever reason...
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Nov 21, 2012
11/12
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FOXNEWSW
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sure we'll give you all of the money you want and collect it in a different way that doesn't harm the economy. and it is bizarre. what they have to do is talk about spending cuts, too. this is the part that gets forgotten. we'll allow the government to get more money if you restrain the spending. >> brian: you right we have to change behavior in this behole thing. no one is talking about changing behavior. we are talking about short-answers that will not touch the 16 trillion. >> no, to bring concessions out of barack obama. the sequester and spending cuts that no one wants to happen 2013. bring them . bring on the defense and social program cuts and you tellux barack obama what you will do to prevent that from january 1st. >> brian: putting the pressure back on the white house. >> that is the only leverage point. he doesn't want to cut discretionary spending by hundred billion this year. >> brian: james, the key to the whole thing is to preserve investment rates, because if it stays at 15 percent that's where it should be. >> that's what mr. boehner is aiming for. if dividend go from 15 to 2
sure we'll give you all of the money you want and collect it in a different way that doesn't harm the economy. and it is bizarre. what they have to do is talk about spending cuts, too. this is the part that gets forgotten. we'll allow the government to get more money if you restrain the spending. >> brian: you right we have to change behavior in this behole thing. no one is talking about changing behavior. we are talking about short-answers that will not touch the 16 trillion. >>...